Chipolte (CMG) reports their Q4 results tonight after the close. The options market is implying about a 7% one day move which is shy to the 4 qtr avg of about 9% and the 8 qtr near 10%. To state the … [Read more...]

Following Chipotle's (CMG) Q3 results on October 20th, the stock did the unthinkable, it sold off. The stock's one day decline the next day was the result of management's forward guidance that same … [Read more...]

Event: CMG reports its Q3 results tonight after the close, and the options market is implying about a 7.5% one day move. Over the last 4 qtrs, the avg one day move has been about 11.5%, and the 8 qtr … [Read more...]

Chipotle fits in the category of "Getting Up Off of the Mat" that Dan laid out in yesterday's MorningWord post. The stock sold off from an all-time high of $622.90 in late March to a low of $475 in … [Read more...]

Last week we sold the earnings bounce in NFLX with an at the money put purchase, and then used the very quick weakness to spread the puts and reduce our break-even and premium risk. Now with the … [Read more...]

Early in an update below, we suggested that we would look to spread the May 370 puts that we bought yesterday on move back to $350 in today's trade. The stock almost got there making a low of $353, … [Read more...]

Yesterday, we sold the earnings bounce (with a put purchase - below) in NFLX playing for a reversal despite what appeared to be decent earnings and better than expected guidance. Today NFLX is down on … [Read more...]

NFLX is higher today on an earnings beat and the announcement that it will be raising prices for new customers. The stock had been pummeled lately in the high flyer selloff and has now bounced back to … [Read more...]

NFLX will report Q1 results tonight after the bell, and as expected, the options market is expecting fireworks, a one day implied move for tomorrow of about 11%, which is actually shy of the 4 qtr avg … [Read more...]

We have not been huge fans of CMG as a stock, a burrito company selling at 5.x sales and 52x trailing earnings, a freaking burrito company. Obviously we have been on the wrong side of the call, but … [Read more...]

Chipotle has been a major momentum leader for much of the past year. The stock has more than doubled since its October 2012 low of $233.82. That's AFTER famous hedge fund manager David Einhorn said … [Read more...]